Your stimulus check might come as a visa card in the mail…
Did you know your stimulus check might come as a visa card in the mail?
Stimulus checks, and direct deposits have been going out to families and individuals for weeks but did you know that if you have not received either one you should be keeping an eye out for a card in the mail? That is right it looks like a regular debit/credit card. So don’t rush to throw out those cards you receive in the mail thinking they are promo bank or credit cards until you double check!
Some are concerned that the EIP Card they received in the mail may be a scam. That is a valid concern so below are some FAQ’s sent from Rep. Rob Wittman’s office from the Treasury Department, click here to read the full list of FAQs.
What is the Economic Impact Payment Card?
The Economic Impact Payment (EIP) Card is a prepaid debit card that contains the money you are receiving as a result of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The EIP Card is sponsored by the Treasury Department’s Bureau of the Fiscal Service, managed by Money Network Financial, LLC and issued by Treasury’s financial agent, MetaBank®, N.A.
For more information about Economic Impact Payments, click here.
How will I receive my EIP Card?
Your EIP Card will be mailed to you at the most recent mailing address filed with the IRS.
How will I recognize my EIP Card?
Your EIP Card will arrive in a plain envelope from “Money Network Cardholder Services”. The Visa name will appear on the front of the Card; the back of the Card has the name of the issuing bank, MetaBank®, N.A. Information included with the Card will explain that the Card is your EIP Card.
Why did I receive an EIP Card?
You received an EIP Card because you are eligible for an Economic Impact Payment and the IRS did not have your bank account information. Your Economic Impact Payment, sometimes referred to as a “stimulus payment,” was deposited to your EIP Card account. The EIP Card allows you to quickly access your Economic Impact Payment.
How was my Economic Impact Payment amount calculated?
The dollar amount of the funds deposited on to your EIP Card was calculated by the IRS. If you have further questions regarding the calculation, click here to visit the Economic Impact Payment Information Center for more information.
How do I activate my EIP Card? (updated June, 1, 2020)
Call 1.800.240.8100 (TTY: 1.800.241.9100). During activation, you will be asked to input your Card Number, last 6-digits of your social security number and the 3-digit security code from the back of your Card. You could be asked to further validate your identity by providing, at minimum, your name and address or answer identity verification questions. In a few instances, the first name of one payee is linked to the last name of a second payee on the Card. For mismatched names, the payee with the first name on the first line must activate the Card and/or validate identity to continue activation.
You will also be asked to create a 4-digit PIN required for ATM transactions and automated assistance and to hear your balance. For your Account security, do not use personal information as your PIN. For Cards with more than one name, only the primary Cardholder (listed first on the Card) may activate the Card.
How do I set up a User ID and Password for online access?
Go to EIPCard.com and click on “Register”. Follow the steps to create your User ID and Password. Be sure to have your EIP Card handy. You can use the same User ID and Password created for online access to access the Money Network® Mobile App2. For Cards with more than one name, please use the primary Cardholder information (listed first on the Card) for online or Mobile App registration.
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